Announced
Completed
Financials
Tags
reinsurance
Completed
Reinsurance
Single Bidder
Private
Cross Border
Friendly
Hong Kong
Minority
Acquisition
Synopsis
Ageas, a Belgian multinational insurance company, completed the acquisition of a 25% stake in Taiping Reinsurance, a reinsurance company, from China Taiping, a Chinese insurance conglomerate, for $399m. “We have a long-term strategic partnership with Ageas. This transaction further reinforces the collaboration between Taiping and Ageas, and we believe such collaboration will create synergies and support our ambition to grow our global reinsurance business especially in the European markets,” Wang Sidong, CTIH CEO.
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